MEXICO CITY, Dec. 10 Genomma Lab Internacional,S.A.B. de C.V. (BMV: LAB) ("Genomma Lab" or "the Company"), a leading Mexicanover-the-counter ("OTC") pharmaceuticals and personal care products company,announced today its 2009 earnings guidance. The Company expects to reachorganic growth without considering acquisitions in the range of 21% - 22% innet sales and an EBITDA(I) margin in the range of 27% - 28%. These estimatesare based on the organic growth of core products (products launched during andbefore 2007); the full year effect in sales of those products launched during2008; the growth of Genomma Lab's international operations; as well as theCompany's launch program of product line extensions and new brands in newcategories and in those in which the Company already participates.
Genomma Lab expects to maintain its strategy of brand acquisitions and, ona timely basis, will inform the market on any completed transaction, as wellas the corresponding change to the Company's earnings guidance. As of theclose of the third quarter 2008, the Company had a cash balance andequivalents of Ps. 1,073 million that may be used partially or totally forpotential brand acquisitions.
Genomma Lab will continue its efforts to increase its share in the Mexicanpersonal care and over-the-counter markets. The value of such markets isapproximately Ps. 75 billion(II) and Ps. 19 billion(III), respectively.
Genomma Lab Internacional, S.A.B. de C.V. is a leading over-the-counterpharmaceuticals and personal care products company in Mexico withinternational presence. Genomma develops, sells and markets a broad range ofpremium branded products, many of which are leaders in the categories in whichthey compete in terms of sales and market share.
Genomma Lab performed its Initial Public Offering in June 2008, through acombined offering (mainly primary) and is listed on the Mexican Stock Exchangeunder the ticker symbol "LAB" (Bloomberg: labb.mx).Web Site: www.genommalab.com (I) EBITDA is defined as Operating Income plus Depreciation and Amortization (II) Source: Euromonitor (2006) (III) Source: Datamonitor (2007) Investor Relations in Mexico City: Tel: +52 (55) 5081 0000 Ext. 4250 E-mail: [email protected]
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SOURCE Genomma Lab Internacional, S.A.B. de C.V.